ConfigMgr / SCCM 2007 error ‘Task Sequence: has failed with the error code (0x00000001). For more information, please contact your system administrator or helpdesk operator.’

PROBLEM:

I am trying to build a machine but I see the following error:

“Task Sequence: <name> has failed with the error code (0x00000001). For more information, please contact your system administrator or helpdesk operator.”